MSE Daily Trading Report, 28 January, 2020

The MSE Equity Total Return Index lost ground as it declined by 0.398% to 9,453.466 points. Out of 10 active equities, four closed in the red while the rest closed unchanged. A total turnover of €209,883 was generated over 36 deals.

Bank of Valletta plc reached an intra-day high of €1.095 but closed unchanged at €1.08. The bank traded four times over a spread of 6,300 shares. A total turnover of €6,852 was generated.

On the other hand, the other two active equities in the banking industry traded lower. HSBC Bank Malta plc was down by 2.78% as it ended the session at €1.05. This was the outcome of 13 deals involving 35,891 shares, generating a total turnover of €37,815.

Similarly, Lombard Bank Malta plc traded once on slim volume, which resulted into a 4.39% fall in price. The bank ended the session at €2.18.

Food and beverage conglomerate, Simonds Farsons Cisk plc, registered the highest liquidity of €64,800 as 6,000 shares changed hands over three transactions. Price declined by 0.92%, to close at €10.80.

A sole deal of 2,000 shares dragged Medserv plc 0.91% lower as price closed at €1.09. The equity registered a total turnover of €2,180. The company announced that an extension on the conditional framework agreement was extended to March 6, 2020. By this deadline, certain conditions need to be satisfied prior to the voluntary bid launches by AMT SA to the company’s shareholders. During the Christmas period, the company commenced its process of due diligence on AMT SA and its subsidiaries. The EGM shall be scheduled once the board approve the terms of the share for share exchange.

Four deals involving 4,900 Malta International Airport plc shares did not impact the equity’s previous closing price of €6.80. A total turnover of €33,320 was recorded.

Telecommunications company, GO plc, was active over a sole deal of 1,000 shares. Price was left unaltered at €4.16 and total turnover amounted to €4,160. Similarly, RS2 Software plc, executed 2,850 shares, spread over two deals. The equity closed unchanged at €2.30 and total turnover stood at €6,510.

In the property sector, Malita Investments plc registered high liquidity as a total turnover of €41,770 was generated. This was the outcome of 46,400 shares spread across five transactions, leaving no impact on the previous closing price of €0.90.

PG plc was also active but closed unchanged at €2.06. A total of 6,000 shares changed ownership over two deals, generating a total turnover of €12,360.

In the corporate debt market, out of 12 active issues, five headed north while another two closed in the opposite direction. The 6% Pendergardens Developments plc Secured € 2022 Series II headed the list of gainers with a 2.86% increase, to close at €108.00. Conversely, the 3.5% Bank of Valletta plc € Notes 2030 S1 T1 closed 0.25% lower at €98.75.

On the sovereign debt front, 10 issues were active, of which eight advanced while the other two traded lower. The best performance was registered by the 2.4% MGS 2041 (I) as it was up by 1.14%, to close at €130.82. On the other hand, the 2.2% MGS 2035 (I) ended the session at €123.45, translating into a 2.02% decline.

In the Prospects MTF market, no trading was recorded.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	6,300	6,852.00	4	1.080	0.00
HSB	35,891	37,815.40	13	1.050	-2.78
LOM	53	115.54	1	2.180	-4.39
SFC	6,000	64,800.00	3	10.800	-0.92
GO	1,000	4,160.00	1	4.160	0.00
MIA	4,900	33,320.00	4	6.800	0.00
MDS	2,000	2,180.00	1	1.090	-0.91
RS2	2,850	6,510.00	2	2.300	0.00
MLT	46,400	41,770.00	5	0.900	0.00
PG	6,000	12,360.00	2	2.060	0.00

The Corporate Bonds traded today were:

	Closing Price	% Change
6% Pendergardens Developments plc Secured € 2022 Series II	108.000	2.86
4.25% GAP Group plc Secured € 2023	103.000	0.39
4.4% Von der Heyden Group Finance plc Unsecured € 2024	100.000	0.00
4.5% Hili Properties plc Unsecured € 2025	102.760	0.20
5.25% Central Business Centres plc Unsecured € 2025 S2T1	104.000	0.39
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026	100.200	0.00
3.75% Premier Capital plc Unsecured € 2026	105.000	0.00
4% International Hotel Investments plc Unsecured € 2026	103.000	1.28
3.75% TUM Finance plc Secured € 2029	103.000	0.00
3.65% Stivala Group Finance plc Secured € 2029	102.000	0.00
3.8% Hili Finance Company plc Unsecured € 2029	100.350	-0.05
3.5% Bank of Valletta plc € Notes 2030 S1 T1	98.750	-0.25

The Government Stocks traded today were:

	Closing Price	% Change
1.5% MGS 2027 (I)	110.660	-0.40
4.5% MGS 2028 (II)	137.500	0.17
5.25% MGS 2030 (I)	150.000	0.04
5.2% MGS 2031 (I)	154.610	0.42
4.3% MGS 2033 (I)	149.340	0.49
2.2% MGS 2035 (I)	123.450	-2.02
2.5% MGS 2036 (I)	129.360	1.01
2.1% MGS 2039 (I)	124.190	0.68
3% MGS 2040 (I)	141.390	1.04
2.4% MGS 2041 (I)	130.820	1.14

This article, which was compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to give investment advice and the contents therein should not be construed as such. Jesmond Mizzi Financial Advisors Limited is licensed to conduct investment services by the MFSA and is a Member Firm of the Malta Stock Exchange. The directors or related parties, including the company, and their clients are likely to have an interest in securities mentioned in this article. For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 21224410, or email [email protected].